2225 NE Elrod

2225 NE Elrod Dr Portland, OR 97211

2225 NE Elrod is a single-tenant asset that is part of our larger Pacific Northwest Portfolio.

2225 NE Elrod is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
2225 NE Elrod is currently occupied by Bimbo Bakeries, which is a leader in the industrial baking industry.
This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term rent growth.
Revenue growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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